Intro to Project Management
What is a project?
A. A repetitive operational task
B. A temporary endeavor with a unique outcome
C. A long-term business function
D. A permanent organizational process
B. A temporary endeavor with a unique outcome
Project selection is driven primarily by:
A. Employee preference
B. Organizational strategy
C. Random choice
D. Vendor availability
B. Organizational strategy
Project scope defines:
A. Budget only
B. Team members
C. Risk levels
D. All work required to complete the project
D. All work required to complete the project
Top-down estimating is typically:
A. Less accurate but faster
B. More detailed
C. Based on task breakdowns
D. Always exact
A. Less accurate but faster
Slack (float) is:
A. Extra budget
B. Risk buffer
C. Time a task can be delayed without affecting the project
D. Scope expansion
C. Time a task can be delayed without affecting the project
Project management is best defined as:
A. Managing employees permanently
B. Applying knowledge, skills, tools, and techniques to project activities
C. Managing only budgets
D. Running daily operations
B. Applying knowledge, skills, tools, and techniques to project activities
Which is NOT a project selection criterion?
A. Profitability
B. Strategic alignment
C. Personal opinions
D. Resource availability
C. Personal opinions
A deliverable is:
A. A meeting
B. A measurable output of the project
C. A risk
D. A schedule delay
B. A measurable output of the project
Bottom-up estimating involves:
A. Guessing totals
B. Estimating individual work packages first
C. Ignoring tasks
D. Only using historical data
B. Estimating individual work packages first
The critical path is:
A. The cheapest path
B. Optional tasks
C. The shortest route
D. The longest sequence of dependent tasks
D. The longest sequence of dependent tasks
Project success is primarily measured by:
A. Employee satisfaction
B. Number of meetings held
C. Meeting scope, time, and cost goals
D. Profit margins only
C. Meeting scope, time, and cost goals
Strategic alignment ensures projects:
A. Are random
B. Support organizational goals
C. Ignore customers
D. Increase risk
B. Support organizational goals
Scope creep refers to:
A. Reduced budget
B. Faster completion
C. Unauthorized expansion of project scope
D. Improved quality
C. Unauthorized expansion of project scope
Which is NOT part of project cost estimation?
A. Sunk costs
B. Direct costs
C. Indirect costs
D. Historical costs
A. Sunk costs
Crashing a project involves:
A. Removing scope
B. Increasing risk only
C. Adding resources to reduce time
D. Slowing work
C. Adding resources to reduce time
Stakeholders are:
A. Only project managers
B. People affected by or involved in the project
C. Only customers
D. Only executives
B. People affected by or involved in the project
Which is a non-financial factor in selection?
A. ROI
B. NPV
C. Customer satisfaction
D. Payback period
C. Customer satisfaction
The project sponsor is typically responsible for:
A. Writing code
B. Funding and approving the project
C. Daily scheduling
D. Risk analysis
B. Funding and approving the project
Which estimate is most accurate?
A. Rough order of magnitude
B. Top-down
C. Bottom-up
D. Guess estimate
C. Bottom-up
Fast tracking means:
A. Adding more resources
B. Doing tasks in parallel
C. Delaying tasks
D. Removing tasks
B. Doing tasks in parallel
Which is NOT part of the project life cycle?
A. Initiation
B. Planning
C. Execution
D. Marketing
D. Marketing
Which tool evaluates projects financially?
A. Gantt chart
B. Net Present Value (NPV)
C. Work breakdown structure
D. Risk matrix
B. Net Present Value (NPV)
Which document formally defines high-level project goals?
A. Risk register
B. Gantt chart
C. Budget report
D. Project charter
D. Project charter
Contingency reserves are used for:
A. Salaries
B. Marketing
C. Known risks
D. Scope expansion
C. Known risks
A Gantt chart is used to:
A. Track risks
B. Display project schedule over time
C. Calculate cost
D. Assign budgets
B. Display project schedule over time